Investing in Asia with FAS’ Nitin Bajaj

In this episode of Trust Issues, we speak to Nitin Bajaj, manager of Fidelity Asian Values, about the investment case for the Asia equity sector, including recent performance, managing political noise and finding the most compelling opportunities across the sector.

00:00 Introduction
00:38 Providing differentiated exposure to Asia
04:07 Evaluating investments 
05:54 Narrowing down the universe
08:59 Managing downside risk
10:00  Current portfolio allocations
11:25 Allocations in China
14:05 Opportunities in Indonesia
14:35 Rationale for holding TSMC
17:45 Drivers of outperformance
19:11 Navigating tariffs & trade 
19:55 Key drivers over next year
20:28 Further information
20:45 Risk warning

Our latest note on FAS - https://www.trustintelligence.co.uk/investor/articles?fund_id=405 

FAS website - https://investment-trusts.fidelity.co.uk/fidelity-asian-values/ 

Please note that this podcast was recorded on 25 November 2025.